If you're looking to grow your business, St.George offers a range of business and equipment finance to help you free up your capital and invest in those areas that are most profitable for you. So rather than tying up funds in depreciating assets like plant and equipment, you can put your money into what you do best.
Finance 100% of the equipment purchase price, with fixed rentals that may be structured to suit your business' cash flow. At the end of the lease term, you have the choice to upgrade to new equipment or refinance the existing equipment.
This solution allows you to finance up to 100% of the equipment price, or less if you wish to pay a deposit upfront. Ideally, this suits a business that wants the option of taking up ownership of the equipment at the end of the term.
Allows you to offer attractive remuneration packages to your staff, by providing employees with an option to lease a vehicle of their choice, while the employee retains ultimate responsibility for the leased vehicle.
As an alternative to leasing or hire purchase, a Chattel Mortgage is a fixed interest rate loan supported by a mortgage over the relevant equipment. This solution is particularly favourable for those businesses that wish to retain the equipment at the end of the term and account for GST on a cash basis. Apart from mortgage stamp duty in NSW, the contract or repayments do not attract GST or stamp duty.
St.George recommends you seek independent legal, tax or financial advice where appropriate. Terms and conditions, fees and charges are available on application. All applications are subject to St.George's normal credit approval criteria.
Equipment Finance is issued by St.George Bank - A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.